EU – European Union
EU – European Union
- ECB – European Central Bank
- European Banking Authority
- EIOPA – European Insurance and Occupational Pensions Authority
- ESMA – European Securities and Markets Authority is an independent EU authority that protects the stability of the EU’s financial system. – esma.europa.eu/
- ESRB – European Systemic Risk Board
- European Commission proposes laws, makes sure EU laws are properly applied, and manages EU spending programmes. – ec.europa.eu/info/index_en
- European Council represents EU heads of state and government. It is responsible for the general political direction of the EU. – consilium.europa.eu/en/
- The European Central Bank – ecb.europa.eu
- European Parliament is made up of directly elected members from each EU country, who debate and amend laws. – europarl.europa.eu/portal/en
- europarl.europa.eu/cmsdata/105461/IPOL_IDA(2015)587290_EN.pdf
- Previous –
- Annex III of the EU Life Assurance Directive, in particular, requires that life insurance consumers be advised of recourse mechanisms at the time of sale.
2017 – WorldBank – Good Practices for Financial Consumer Protection – 254p
- 2012 – EC – CONSULTATION ON A POSSIBLE RECOVERY AND RESOLUTION FRAMEWORK FOR FINANCIAL INSTITUTIONS OTHER THAN BANK – 43p
- 2009 05 – ECB (European Central Bank) – The pricing of subprime mortgage risk in good Times
and bad: evidence from The abX.he indices – 42p
- NAIC – E.U. – U.S. Insurance Dialogue Project Reports
- 3rd Life Insurance Directive
- Lawsuit – Poland – Case C-143/20 – Unit-Linked Group Life Insurance – 12p
- 50 – The national court’s doubts arise from the fact that, on the one hand, pursuant to recital 27 and Article 2(1)(a) of Directive 2014/65/EU (recital 10 and Article 2(1)(a) of Directive 2004/39/EC), the provisions of these directives do not apply to insurance undertakings.
- However, on the other hand, pursuant to recital 87 of Directive 2014/65/EU, equal protection must be ensured for consumers with respect to investments in the form of insurance contracts.
- Moreover, recital 10 of Directive 2005/29/EC indicates that particularly high protection standards must be ensured for consumers in the market for high-risk financial products, in respect of which creating false impressions is prohibited.
- This is further reinforced by the reference made in Article 7(5) of that directive and Annex 2 thereto to Article 19 of Directive 2004/39/EC.
- 51 – The referring court has found no indications as to the correct interpretation of the aforementioned provisions of these directives in the existing case-law of the Court.
- The only two judgments identified by the referring court which concerned a similar issue (unit-linked insurance) do not answer the questions referred for a preliminary ruling (judgments of 1 March 2012, González Alonso, C-166/11, ECLI:EU:C:2012:119, and of 29 April 2015, Nationale-Nederlanden Levensverzekering Mij, C-51/13, ECLI:EU:C:2015:286).